Odyssey Marine Exploration Downgraded to Underperform at Zacks (OMEX)

Posted on Jul 13, 2014

Odyssey Marine Exploration (NASDAQ:OMEX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday. They currently have a $ 1.50 target price on the stock. Zacks‘s target price points to a potential downside of 2.60% from the company’s current price.

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) traded down 2.27% on Wednesday, hitting $ 1.505. 120,394 shares of the company’s stock traded hands. Odyssey Marine Exploration has a 52-week low of $ 1.18 and a 52-week high of $ 3.70. The stock’s 50-day moving average is $ 1.52 and its 200-day moving average is $ 1.93. The company’s market cap is $ 127.6 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings results on Monday, May 12th. The company reported ($ 0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($ 0.09) by $ 0.03. The company had revenue of $ 0.57 million for the quarter, compared to the consensus estimate of $ 1.23 million. Analysts expect that Odyssey Marine Exploration will post $ -0.05 EPS for the current fiscal year.